QQH vs. TSXU

Last updated Jun 24, 2026

QQH (HCM Defender 100 Index ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - QQH is a Technology Equities fund tracking the HCM Defender 100 Index, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). Both are passively managed. Their correlation of 0.81 suggests significant overlap in exposure. QQH charges 1.14%/yr vs 1.05%/yr for TSXU.

Performance

QQH vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HCM Defender 100 Index ETF (QQH) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQH achieves a 6.74% return, which is significantly lower than TSXU's 113.38% return.

QQH

• 1D: -4.16%
• 1M: -2.80%
• YTD: 6.74%
• 6M: 4.72%
• 1Y: 28.70%
• 3Y*: 21.78%
• 5Y*: 12.07%
• 10Y*: —

TSXU

• 1D: -13.73%
• 1M: 19.65%
• YTD: 113.38%
• 6M: 118.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQH vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
QQH HCM Defender 100 Index ETF	6.74%	1.58%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	113.38%	37.96%

Correlation

The correlation between QQH and TSXU is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.81

Return for Risk

QQH vs. TSXU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQH

QQH Risk / Return Rank: 35
QQH Sharpe Ratio Rank: 37
QQH Sortino Ratio Rank: 33
QQH Omega Ratio Rank: 35
QQH Calmar Ratio Rank: 37
QQH Martin Ratio Rank: 34

TSXU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQH vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HCM Defender 100 Index ETF (QQH) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QQH	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	1.25	—	—
Sortino ratio: Return per unit of downside risk	1.69	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.78	—	—
Martin ratio: Return relative to average drawdown	4.73	—	—

Drawdowns

QQH vs. TSXU - Drawdown Comparison

The maximum QQH drawdown since its inception was -41.87%, which is greater than TSXU's maximum drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for QQH and TSXU.

Drawdown Indicators

	QQH	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-41.87%	-35.62%	-6.25%
Max Drawdown (1Y) Largest decline over 1 year	-16.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.87%	—	—
Current Drawdown Current decline from peak	-7.53%	-13.73%	+6.20%
Average Drawdown Average peak-to-trough decline	-12.87%	-10.67%	-2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.08%	—	—

Volatility

Volatility by Period

	QQH	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.13%	89.70%	-66.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.02%	89.70%	-67.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.00%	89.70%	-64.70%

QQH vs. TSXU - Expense Ratio Comparison

QQH has a 1.14% expense ratio, which is higher than TSXU's 1.05% expense ratio.

Dividends

QQH vs. TSXU - Dividend Comparison

QQH's dividend yield for the trailing twelve months is around 0.20%, less than TSXU's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
QQH HCM Defender 100 Index ETF	0.20%	0.21%	0.24%	0.27%	0.00%	0.00%	0.00%	0.21%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.36%	2.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQH and TSXU in my portfolio?

QQH and TSXU have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQH or TSXU?

On fees, TSXU is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQH or TSXU?

TSXU is cheaper with a 1.05% expense ratio, compared with 1.14% for QQH.

Which ETF pays a higher dividend yield, QQH or TSXU?

TSXU has the higher dividend yield at 1.36%, compared with 0.20% for QQH.

What is the main difference between QQH and TSXU?

QQH is categorized as Technology Equities, while TSXU is Leveraged Equities. QQH tracks HCM Defender 100 Index, while TSXU tracks Solactive Semiconductor Top 5 Index (2x). They also come from different issuers: Howard Capital Management and Direxion. Their fees differ too: 1.14% for QQH and 1.05% for TSXU.